Flat / Apartment
Located on the corner of Derby Road and College Street, an excellent opportunity to acquire a spacious well appointed two bedroomed second floor apartment in a prestigious block of flats on the fringe of the City centre but on the main route to Queens Medical centre and University.
Constructed in 2003, the property briefly comprises an entrance hall, large lounge with kitchen area, two bedrooms and bathroom. The whole building has a secure video entry system and underground parking to which there is direct lift access.
The property is currently let on assured shorthold tenancies with a combined income of £510 per calendar month (£6,120 per annum) and therefore represents an excellent investment.
In more detail the accommodation is as follows –
Communal Entrance Hall
With stairs and lifts to all floors.
Second Floor –
Entrance Hall
With laminate floor and store cupboard.
Lounge 22’8” x 10’9” overall
Having a Kitchen Area with a range of modern base and wall cupboard units, integrated washing machine and dishwasher, integrated fridge freezer, electric oven, hob, central heating radiator and tv point.
Bedroom One 12’ x 7’10”
With electric storage heater.
Bedroom Two 11’11” x 7’8”
With electric storage heater and fitted wardrobe.
Bathroom
Having usual suite of fittings with shower over bath, heated towel rail and extractor.
Tenancy Details
The property has the benefit of two tenancy agreements, one which commenced on 29th March 2009 for a period of six months at a rent of £255 pcm, the other which commenced on 23rd January 2010 for a term of six months also at £255 pcm – total combined rent £510 pcm.
Vendors Solicitors/Licensed Conveyancers
Nelsons, Sterne House, Lodge Lane, Derby – telephone 01332-372372
Tenure
Leasehold. Subject to tenancies.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a buyers contract handling fee of £395 (inc VAT) payable on the fall of the hammer.
For Sale By Auction: Thursday 20th May 2010
At Pride Park Stadium, Derby
Commencing at 11.30 am
Purpose built two bedroomed second floor apartment
Usual high specification including video entry system
Secure under-croft parking
Currently let on assured shorthold tenancies
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